Gitcoin
Crypto Overview
Project Overview
Gitcoin is a platform built on Ethereum that aims to fund and coordinate public goods in the Web3 ecosystem through quadratic funding and decentralized governance. The GTC token serves as the governance token for the Gitcoin DAO, enabling holders to participate in decision-making regarding protocol development, grants allocation, and treasury management.
Intended Utility
The primary purpose of GTC is to facilitate community governance of the Gitcoin ecosystem. Token holders can vote on proposals, participate in funding decisions, and help shape the platform's direction. The token also provides utility through staking mechanisms that help prevent sybil attacks and ensure the integrity of the quadratic funding process.
Actual Usage Analysis
On-chain data and platform metrics indicate that GTC is actively used for its intended governance purposes. The token demonstrates significant voting participation in DAO proposals and maintains consistent development activity. The project has facilitated over $50 million in funding for public goods through its quadratic funding rounds.
Token Distribution and Founder Analysis
The token distribution appears fairly balanced with: 15% to the Gitcoin team and future employees (4-year vesting), 15% to the protocol treasury, 50% to the community treasury (controlled by DAO), and 20% to users and ecosystem participants. The vesting schedules and lock-up periods are transparent and reasonable.
Revenue Model
The platform generates revenue through protocol fees from matching pools and optional platform fees from grant recipients. These fees are used to sustain development and fund community initiatives rather than generating interest-based returns.
Crypto Impact
To assign a comfort level investing in Gitcoin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Gitcoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.